ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE vs. M/S GLOBAL FINSOL PVT LTD , BANGALORE
In the result, the appeals filed by the revenue for AY 2008-09,
ITA 80/BANG/2018[2013-14]Status: DisposedITAT Bangalore18 Jan 2021AY 2013-14
Bench: Shri N.V. Vasudevan & Shri B.R. Baskaranita Nos.75 To 80/Bang/2018 Assessment Years: 2008-09 To 2013-14
For Appellant: N O N EFor Respondent: Shri Vinod Kumar Naidu, A.R
Section 143(3)Section 37Section 37(1)
…ngth in the arguments canvassed by the Authorised representatives. Since, the disallowances were on adhoc basis, it cannot stand in view of the decisions of the Honourable Delhi High Court in the case of COMMISSIONER OF INCOME TAX V. KOHINOOR FOODS LTD (2015) 373 ITR 682 (Del) and various other judgements of ITA Nos.75 to 80/Bang/2018 M/s. Global Finsol Pvt. Ltd., Bangalore Page 4 of 8 Honourable Income Tax Appellate Tribunal. I therefore, allow these grounds and appellant gets relief as under: Assessment year Relief Allowed 2008-09 3,25,16,627 2009-10 90,52,982 2010-11 5,54,02,901 2011-12 63,65,307 2012-13 2,9…